BID
UGX
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Bidao(BID) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 BID at a value of 1 BID for 2.54 UGX . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
UGX information
About Ugandan Shilling (UGX)
The Ugandan Shilling (UGX), introduced in 1966, is the official currency of Uganda and a significant symbol of the country's economic resilience and aspirations for growth. It is commonly abbreviated as UGX and represented by the symbol USh. Replacing the East African Shilling, the Ugandan Shilling was established in the wake of Uganda’s independence, marking a new era in the nation's economic journey.
Historical Background
The introduction of the Ugandan Shilling was a pivotal step in post-independence Uganda. It symbolized the country's break from its colonial past and its commitment to forging an independent economic path. The Ugandan Shilling's establishment coincided with Uganda's broader efforts to build a self-sustaining and diversified economy.
Design and Symbolism
The design of the Ugandan Shilling reflects the country's rich cultural heritage, natural resources, and wildlife. Banknotes and coins feature images of notable Ugandan figures, local flora and fauna, and key economic activities. These designs are not just utilitarian; they narrate Uganda's history, celebrate its cultural diversity, and showcase its natural beauty, thereby instilling a sense of national identity and pride.
Economic Role
The Ugandan Shilling plays a crucial role in Uganda’s economy, which includes significant sectors like agriculture, tourism, and manufacturing. As the primary medium of exchange, it supports these sectors, enabling trade, facilitating investment, and aiding the daily financial transactions of Ugandans.
Monetary Policy and Stability
Managed by the Bank of Uganda, the Shilling has faced various economic challenges, including inflation and currency volatility. The central bank's monetary policies focus on stabilizing the Shilling, controlling inflation, and fostering a conducive environment for economic growth and stability.
International Trade and the Ugandan Shilling
In international trade, the value of the Shilling is crucial, particularly for Uganda’s exports, such as coffee, tea, and gold. A stable Shilling is essential for maintaining competitive export prices and for managing the import of essential goods.
Remittances and Economic Impact
Remittances from Ugandans working abroad, especially in the Middle East, Europe, and North America, are a significant source of foreign income. These remittances, converted into Shillings, support many families and contribute to the national economy, providing a vital buffer against economic challenges.
Bitget crypto-to-fiat exchange data shows that the most popular Bidao currency pair is the BID to UGX, with for Bidao's currency code being BID. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
BID to UGX conversion rate trend
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In the past 1D, Bidao has changed -1.47% to UGX. Based on the trend and price charts, Bidao(BID) has changed -1.47% to UGX while Ugandan Shilling(UGX) has changed % to BID in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh2.52 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/05 16:33:29(UTC+0)
How to buy Bidao
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Bidao (BID)
Use a variety of payment options to buy Bidao on Bitget. We'll show you how.
Buy BID (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of BID with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy BID with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell BID (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of BID to UGX. However, you can first exchange BID for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of Bidao to Ugandan Shilling?
Bidao to Ugandan Shilling is falling this week.Bidao's current market price is Sh 2.54 per BID, with a total market cap of Sh 0 UGX based on a circulating supply of -- BID. The trading volume of Bidao has changed by 0.00% (Sh 0 UGX) in the last 24 hours. Last trading day, BID's trading volume was Sh 2,912,629.84.
Market cap
$0
24h volume
$793.07904852
Circulating supply
0 BID
Conversion tables
The exchange rate of Bidao is decreasing.1 BID is currently valued at Sh 2.54 UGX , which means buying 5 BID will cost Sh 12.72 UGX . Similarly, Sh1 UGX can be traded for 0.3930 BID, and Sh50 UGX can be converted to 19.65 BID, excluding any platform or gas fees.
The exchange rate of 1 BID to Ugandan Shilling has changed by -6.47% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.47%, reaching a high of 2.58 UGX and a low of 2.5 UGX . One month ago, the value of 1 BID was Sh 3.6 UGX , which represents a -29.38% change from its current value. Over the last year, Bidao has changed by , resulting in a change of -58.51% in its value.
-Sh
3.59UGXBID to UGX
Amount
19:44 today
0.5 BID
Sh1.27
1 BID
Sh2.54
5 BID
Sh12.72
10 BID
Sh25.44
50 BID
Sh127.22
100 BID
Sh254.44
500 BID
Sh1,272.2
1000 BID
Sh2,544.4
UGX to BID
Amount19:44 today
0.5UGX0.1965 BID
1UGX0.3930 BID
5UGX1.97 BID
10UGX3.93 BID
50UGX19.65 BID
100UGX39.3 BID
500UGX196.51 BID
1000UGX393.02 BID
Today vs. 24 hours ago
| Amount | 19:44 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BID | $0.0003464 | $0.0003516 | -1.47% |
| 1 BID | $0.0006928 | $0.0007032 | -1.47% |
| 5 BID | $0.003464 | $0.003516 | -1.47% |
| 10 BID | $0.006928 | $0.007032 | -1.47% |
| 50 BID | $0.03464 | $0.03516 | -1.47% |
| 100 BID | $0.06928 | $0.07032 | -1.47% |
| 500 BID | $0.3464 | $0.3516 | -1.47% |
| 1000 BID | $0.6928 | $0.7032 | -1.47% |
Today vs. 1 month ago
| Amount | 19:44 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BID | $0.0003464 | $0.0004905 | -29.38% |
| 1 BID | $0.0006928 | $0.0009810 | -29.38% |
| 5 BID | $0.003464 | $0.004905 | -29.38% |
| 10 BID | $0.006928 | $0.009810 | -29.38% |
| 50 BID | $0.03464 | $0.04905 | -29.38% |
| 100 BID | $0.06928 | $0.09810 | -29.38% |
| 500 BID | $0.3464 | $0.4905 | -29.38% |
| 1000 BID | $0.6928 | $0.9810 | -29.38% |
Today vs. 1 year ago
| Amount | 19:44 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BID | $0.0003464 | $0.0008350 | -58.51% |
| 1 BID | $0.0006928 | $0.001670 | -58.51% |
| 5 BID | $0.003464 | $0.008350 | -58.51% |
| 10 BID | $0.006928 | $0.01670 | -58.51% |
| 50 BID | $0.03464 | $0.08350 | -58.51% |
| 100 BID | $0.06928 | $0.1670 | -58.51% |
| 500 BID | $0.3464 | $0.8350 | -58.51% |
| 1000 BID | $0.6928 | $1.67 | -58.51% |
Bidao price prediction
What will the price of BID be in 2025?
Based on BID's historical price performance prediction model, the price of BID is projected to reach $0.001025 in 2025.
What will the price of BID be in 2030?
In 2030, the BID price is expected to change by -19.00%. By the end of 2030, the BID price is projected to reach $0.001649, with a cumulative ROI of +134.53%.
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Popular Bidao conversions
Check out these popular currency conversions of Bidao to several fiat currencies.
Bidao to USD
1 BID to $ 0.0006928 USD
Bidao to GBP
1 BID to £ 0.0005318 GBP
Bidao to EUR
1 BID to € 0.0006337 EUR
Bidao to KRW
1 BID to ₩ 0.9556 KRW
Bidao to CAD
1 BID to $ 0.0009593 CAD
Bidao to AUD
1 BID to $ 0.001044 AUD
Bidao to JPY
1 BID to ¥ 0.1050 JPY
Bidao to BRL
1 BID to R$ 0.003982 BRL
Bidao to CNY
1 BID to ¥ 0.004922 CNY
Bidao to TWD
1 BID to NT$ 0.02211 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Bidao.
Bitcoin to UGX
1 BTC to Sh 256,737,860.06 UGX
Super Trump Coin to UGX
1 STRUMP to Sh 20.02 UGX
Grass to UGX
1 GRASS to Sh -- UGX
Xodex to UGX
1 XODEX to Sh 1.01 UGX
Solana to UGX
1 SOL to Sh 612,983.46 UGX
Dogecoin to UGX
1 DOGE to Sh 636.02 UGX
Sui to UGX
1 SUI to Sh 7,334.47 UGX
Ethereum to UGX
1 ETH to Sh 8,978,790.5 UGX
TROY to UGX
1 TROY to Sh 15.44 UGX
Pepe to UGX
1 PEPE to Sh 0.03145 UGX
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Bidao and UGX.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Bidao and UGX. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Bidao in UGX, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
